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Indian River County I Impact Fee Update Study <br /> Figure X-1 <br /> Educational Facilities Impact Fee-Affordable Growth Approach <br /> 160% <br /> 140% ------------- ------------------------ <br /> 120% -------- --- <br /> 100% <br /> V) <br /> o <br /> 80% r------------ -------------� ;... " ------------------------------------------------------ <br /> 60% 7------------- ------ ------------- - - <br /> CAnnual <br /> 28/ -- Total Cost <br /> 40% --- AveR gG owtFi- - <br /> Maximum Impact Fee <br /> LOS Curve <br /> 0% r - --r--- r— ---r — r-- r----r——— r — <br /> 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% <br /> Annual Growth Rate <br /> Table X-11 presents the calculated impact fee using the 28-percent adoption ratio. Under <br /> this scenario, the fees would range from $668 for a multi-family home to$1,702 for a single <br /> family home. <br /> Table X-11 <br /> Calculated Educational Facilities Impact Fee Schedule-Affordable Growth <br /> Affordable Total Impact Current Percent <br /> Land Use Unit Growth (2) Adopted (4) <br /> Adoption Rate(i) Fee Fee(3) Change <br /> Residential: <br /> Single Family du 28% $1,702 $1,756 -3.1% <br /> Multi-Family du 28% $668 $500 33.7% <br /> Mobile Home du 28% $1,026 $623 64.7% <br /> (1) Source: Figure X-1 <br /> (2) Total impact fee from Table X-10(Item 5)multiplied by the affordable growth adoption rate(Item 1) <br /> (3) Source: Indian River County Planning Division <br /> (4) Percent change from the current adopted fee(Item 2)to the total impact fee(Item 1) <br /> Tindale-Oliver&Associates, Inc. Indian River County <br /> June 2014 142 Impact Fee Update Study <br /> r �7 <br />